Ethereum (ETH)

The NFT market and metaverse have once again been thrown into a state of euphoria as a single plot of digital land on the most popular NFT game in the crypto space, Axie Infinity, sold for 550 ETH. $2.3M for Axie Infinity Plot The plot of land in question is one of the Genesis plots on Axie Infinity, which are considered to be extremely rare as there are just 220 of them in existence. Going by today’s ETH prices, that single piece of land would be worth a whopping $2.3...

[PRESS RELEASE – Hong Kong, Hong Kong, 26th November 2021] Flurry Finance, a DeFi protocol that offers efficient cross-chain yield farming to the DeFi community, is all set to deploy its utility token RHO and its governance token FLURRY on the Polygon network on 1st December 2021. Since announcing its partnership with Polygon in August to optimize yield farming, Flurry Finance has achieved a number of key milestones including: Mainnet launched on the Ethereum (ETH) and...

It’s been a very volatile week in the cryptocurrency market. Despite the turbulence, some altcoins managed to hold their ground and even appreciated in value, but the same can’t be said for Bitcoin. The primary cryptocurrency is down about 4% on a weekly basis, but this comes after a week of serious volatility. On Monday, the price wicked from $57K to upwards of $59k, only to get rejected almost immediately and drop to below $56K. From there, it started consolidating and...

This week, the market correction continued with most cryptocurrencies suffering significant losses, particularly today when Bitcoin dropped 10% in 12 hours, and altcoins charted double-digit losses. In what follows, we take a look at Ethereum, Binance Coin, Solana, Avalanche, and CryptoCom’s CRO. Ethereum (ETH) Ethereum had a nice rally this past few days and gave hope of a major breakout. However, today’s price action has re-set ETH back to $4,000 ending the past seven days...

Sygnum Bank gibt bekannt, dass sie das VZ VermögensZentrum, ein unabhängiges Schweizer Finanzdienstleistungsunternehmen, das an der SIX Swiss Exchange kotiert ist, als neuesten Partner für ihre B2B-Banking-Lösung gewonnen hat. Die Marktkapitalisierung von Kryptowährungen hat mittlerweile fast USD 3 Billionen erreicht, was auf die stetig wachsende Akzeptanz durch institutionelle Anleger und die Klarheit der Regulierung auf der ganzen Welt zurückzuführen ist. Die hohe Nachfrage nach...

A group of crypto fans are getting together to bid on a first edition copy of the U.S. Constitution. Buying the Constitution with Crypto… Can It Be Done? The group – which calls itself Constitution DAO – has allegedly raised more than $32 million in crypto funds from anonymous donors in under seven days. Apparently, they really want to purchase a piece of American history. At this stage, enough money has been raised that the individuals can compete with the heavy bidders...

Key Support levels: $4,000, $4,350 Key Resistance levels: $4868 (ATH)  ETH gave some strong signals yesterday that it was turning bullish, particularly on the Bitcoin pair. Today, it has broken above the $4,350 resistance. If this momentum continues, ETH can enter a new rally that can take it back to the all-time high at $4,868 and beyond. Chart by TradingViewTechnical Indicators Trading Volume: The break above the key resistance at $4,350 took place on low volume, and this...

Litecoin price extended its decline below the $232 support against the US Dollar. LTC price is now trading below $232 and the 55 simple moving average (4-hours). There is a major bearish trend line is forming with resistance near $235 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could face a strong selling interest near the $235 and $240 levels in the near term. Litecoin price is consolidating above $200 against the US Dollar, similar to...

Jon Cunliffe – the deputy governor of the Bank of England – feels the crypto space is spiraling out of control… So much so, that it’s now beginning to threaten the financial stability of both citizens and countries alike. Jon Cunliffe Thinks Crypto Presents Certain Hazards Over the past few years, the world of cryptocurrency has grown to unprecedented levels. Bitcoin, for example, is the world’s number one digital currency by market cap. At the time of writing, it is...

Since EIP-1559 took effect in August, Ethereum has now burned over 1 million Ether from circulation. At today’s prices, that’s over $4.2 billion in value. Torching The Ethereum Network Data from Watch The Burn reveals the Ethereum network’s achievement of this latest milestone. At the time of writing, it shows that 1,002,000 ETH have been burned since the London hard fork on August 5th. The network has proven capable of maintaining its high burn rate, which saw its first $1...